Inflation is the increase in the prices of goods and services across an economy. When prices inflate, you need more money to buy the same things. The opposite of inflation is deflation, when prices are lower across a range of goods and services.
James Howell, a 17th century historian cum writer was the first writer to earn his living from writing alone in the English language; other writers of those times pursued writing as a hobby, not a profession as writing alone never paid enough.
The following works of literature have each been claimed as the first novel in English. 1  Thomas Malory, Le Morte d'Arthur, (written c. 1470, published 1485) 2  William Baldwin, Beware the Cat, (written 1553, published 1570, 1584) 3  John Lyly, Euphues: The Anatomy of Wit (1578) and Euphues and his England (1580)